FGEN has achieved my minimum target price of 19 pesos per share!!! Click image to enlarge!

Due to stock price adjustments because of stock dividends, I move my minimum target price for FGEN to 19 pesos per share. It’s almost there!!! Click image to enlarge!

First Gen corporation (FGEN) has broken out of its symmetrical triangle formation (indicated by the red diagonal lines). Click here to see the previous post. Click image to enlarge!

Two bullish area patterns are seen in First Gen Corporation (FGEN), a cup and handle formation (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) and a symmetrical triangle formation (indicated by the two vertical lines in the 2nd picture). If good news back up the global markets, prices can climb anytime. Click image to enlarge!